BC-4.14 Fees and Charges for Services Provided to Companies Under Formation

BC-4.14.1

Retail bank licensees may charge companies under formation a fee capped at BD 10 for the issuance of letter of confirmation of capital maintained with the bank regardless of the capital amount deposited and maintained.

Added: October 2018

BC-4.14.2

Retail bank licensees must not charge any setup fees for opening bank accounts for companies under formation.